On a 23 February deadline, Vogue Business reports on the recent US Supreme Court Ruling on IEEPA-based tariffs.
Jessica Binns| February 23, 2026
The following is an excerpt....
The ruling is “a tremendous victory for American consumers and American businesses”, says Julia Hughes, president of
the US Fashion Industry Association, noting that fashion brands and retailers already carry some of the highest tariff
burdens of any sector. Her organisation is calling on the administration to develop an efficient, automatic refund
process to return what she estimates to be more than $133 billion in IEEPA tariffs collected from industry.